Are you new to trading? If so, it is in your best interest – before putting your money at stake – to familiarize yourself with the terminology, the process, the different trading platforms offered by each online broker; In short, learn to invest in the stock market without risking your capital. For this, we have prepared a list of the best online brokers that offer a free Demo account .
A demo trading account offers the same characteristics, functionalities and conditions of a real account, but it is pre-loaded with a certain amount – a fictitious balance – that offers the possibility of doing test operations without the need to make any deposit.
It is an excellent system for the trader who wants to get closer to the investment world, know the ins and outs of it and, therefore, prepare to start trading with real money. All this with the advantage of doing it without risking your capital .
The vast majority of Forex and CFD brokers offer this option, but not all. Using the demo trading account is very effective for traders to get to know their platforms and perhaps get them to decide on them when they start trading for real.
Not everyone is worth it, not all Demo trading accounts offered by the best online brokers are the same. Before opting for one, you should analyze a series of variables.
The fact of starting to operate with a Demo account has a simple and direct objective: not to lose money . Therefore, it goes without saying that the first thing to check is that the account does not involve any expenses.
Another reason traders choose demo accounts is that they offer the ability to familiarize themselves with the ins and outs of the best trading platforms before making any deposits.
Some online brokers offer a demo account with certain restrictions or that is only free for a limited time. So read the fine print carefully and make sure that it is free in all cases.
To open a Demo trading account, sometimes you don't have to enter any personal data . The online broker in question shows everything it has to offer without restrictions or restrictions, without compromises of any kind.
But there are others that ask for an email, the phone, or even both. And we already know how the network works, once you give some data, the transmission of these is triggered.
At fxbypro we value the former very positively. That is, the best demo trading accounts are absolutely open , those in which you can test without having to reveal any personal data.
Usually, online brokers that do not request personal data – those that have nothing to hide and show the trading tool as it is – tend to be the most powerful and the highest quality.
They do not need strange tricks or great marketing campaigns, they have the most complete services , and that is enough to convince the customer. In most cases they are large platforms, solvent and with enough background not to resort to obscure strategies.
And what are these services that differentiate a competent platform from another that is not so competent ?: Live streaming, chart manipulation, introduction of indicators, annotations, technical analysis services, updated news or special services (such as chats, copy to other traders, etc.). Another good sign is to have a trading app with which to carry out operations from any type of device.
In the list of regulated brokers that you can find on this page you will find only the best demo trading accounts analyzed by our team of experts. If you want to try them, you only have to choose an online broker from among those we have listed and register to start using the demo trading account .